Seller's Agent in 2015
Albert Le
LE INVESTMENT GROUP
(909) 256-7889
24 Total Sales
1970 7th St Riverside, CA 92507
Eastside Neighborhood
2
Beds
3
Baths
30,780
Sq Ft
1.05
Acre Lot
About This Home
As of May 2015-97% Occupancy Building, Rental Comps Illustrate a 97% Occupancy Area, Financeable Asset, Strong Operating History, Competitive ProForma CAP of 6.32%, Conservative 5% Upside in Rents. The property, situated on a 1.05 acre lot, consists of eighty one units, divided into 48 studios & 33 one bedroom/one bathroom units. This is a three story apartment complex with a steel frame & concrete block construction. The apartment community features secure gated parking, security camera system, keypad/intercom entrance, new gazebo, BBQs, pet & social areas, trash chutes, as well as an onsite laundry room. The property has underwent recent improvements such as: a New roof, furnished leasing office, New ventilation windows, The repair of 5 central ventilation fans, New elevator controls & new elevator interior, Complete tent and fumigation of the entire building, Exterior painting of the building and surrounding fences, Complete landscaping, Interior painting of all hallways, laundry room, and common areas. The unit updates include: New interior paint and carpeting, Cabinet and bathroom repairs, New patio screens, doors and locks
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1979
Lot Details
- 1.05 Acre Lot
- Two or More Common Walls
- Density is 36-40 Units/Acre
Parking
- 45 Parking Spaces
Home Design
- 30,780 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 2 Bedrooms
- 3 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 92
- Tax Tract Number 305
- Assessor Parcel Number 211175007
Community Details
Overview
- 81 Units
Building Details
- 81 Separate Electric Meters
- 81 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $9,000
- Insurance Expense $15,912
- Maintenance Expense $39,557
- Professional Management Expense $34,565
- Trash Expense $6,600
- Water Sewer Expense $15,600
- New Taxes Expense $64,304
- Gross Income $51,050
- Net Operating Income $376,175
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 15, 2022
Sold by
Bought by
Purchase Details
Listed on
Mar 19, 2015
Closed on
May 15, 2015
Sold by
Bought by
Seller's Agent
Albert Le
LE INVESTMENT GROUP
Buyer's Agent
Albert Le
LE INVESTMENT GROUP
List Price
$5,950,000
Sold Price
$5,500,000
Premium/Discount to List
-$450,000
-7.56%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,850,000
Interest Rate
0.0362%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 20, 2013
Sold by
Bought by
Purchase Details
Closed on
Dec 4, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,612,000
Interest Rate
0.0603%
Mortgage Type
Commercial
Purchase Details
Closed on
May 7, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,788,700
Interest Rate
0.0719%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 30, 1998
Sold by
Bought by
Purchase Details
Closed on
Jun 19, 1997
Sold by
Bought by
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| $550,000 | Old Republic Title Company | ||
| $3,100,000 | California Title Company | ||
| -- | -- | ||
| -- | Chicago Title Co | ||
| -- | Chicago Title Co | ||
| $540,000 | Ati Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,850,000 | ||
| Previous Owner | $2,170,000 | ||
| Previous Owner | $250,000 | ||
| Previous Owner | $1,612,000 | ||
| Previous Owner | $1,788,700 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/28/2015 05/28/15 | Sold | $5,500,000 | -7.6% | $179 / Sq Ft |
| 04/07/2015 04/07/15 | Pending | -- | -- | -- |
| 03/19/2015 03/19/15 | For Sale | $5,950,000 | -- | $193 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $73,637 | $6,610,169 | $1,201,844 | $5,408,325 |
| 2023 | $73,637 | $11,730,000 | $1,173,000 | $10,557,000 |
| 2022 | $72,014 | $6,228,913 | $1,132,526 | $5,096,387 |
| 2021 | $70,845 | $6,106,778 | $1,110,320 | $4,996,458 |
| 2020 | $70,325 | $6,044,162 | $1,098,936 | $4,945,226 |
| 2019 | $69,034 | $5,925,650 | $1,077,389 | $4,848,261 |
| 2018 | $67,722 | $5,829,624 | $1,056,266 | $4,773,358 |
| 2017 | $66,551 | $5,715,714 | $1,035,555 | $4,680,159 |
| 2016 | $63,332 | $5,604,037 | $1,015,250 | $4,588,787 |
| 2015 | $47,965 | $4,255,510 | $937,518 | $3,317,992 |
| 2014 | -- | $4,170,792 | $919,154 | $3,251,638 |
Source: Public Records
Agents Affiliated with this Home
-
Albert Le
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV15057952
APN: 211-175-007
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 0 Arlington Ave Unit SW24165534
- 2125 7th St
- 2032 W Linden St
- 3633 Kansas Ave
- 1774 7th St
- 4110 Dwight Ave
- 2162 5th St
- 4187 Dwight Ave
- 2315 11th St
- 3420 Comer Ave
- 2510 10th St
- 2643 Tenth St
- 2643 10th St
- 3681 Cranford Ave
- 2944 6th St
- 1480 7th St
- 1463 Everton Place
- 1464 Everton Place
- 2743 12th St
- 3496 Commerce St
- 1957 7th St
- 3675 Dwight Ave
- 1985 7th St
- 1995 University Ave
- 1979 7th St
- 1997 7th St
- 3739 Douglass Ave
- 3665 Dwight Ave
- 2016 7th St
- 3663 Douglass Ave
- 3690 Dwight Ave
- 3674 Dwight Ave
- 1946 7th St
- 2028 7th St
- 1923 University Ave
- 1970 Loma Vista St
- 1978 Loma Vista St
- 2017 7th St
- 1960 Loma Vista St
- 1988 Loma Vista St
Your Personal Tour Guide
Ask me questions while you tour the home.